Conifer (NASDAQ:CNFR) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Conifer Holdings, Inc. (NASDAQ:CNFR) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.14 and traded as low as $0.98. Conifer shares last traded at $1.12, with a volume of 6,260 shares changing hands.

Conifer Price Performance

The company’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $13.69 million, a P/E ratio of 0.46 and a beta of 0.56.

Insider Activity

In other Conifer news, CEO Brian J. Roney sold 100,000 shares of Conifer stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $2.00, for a total transaction of $200,000.00. Following the transaction, the chief executive officer now directly owns 410,232 shares in the company, valued at approximately $820,464. The trade was a 19.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 70.40% of the stock is owned by company insiders.

About Conifer

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. The company offers insurance coverage in specialty commercial and personal product lines. It also underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies.